You can switch off notifications anytime using browser settings.IDFC AMC launches unique AI powered Equity PortfolioStock Analysis, IPO, Mutual Funds, Bonds & MoreIDFC AMC launches unique AI powered Equity PortfolioIDFC Asset Management Company is introducing the IDFC Neo Equity Portfolio, a portfolio management system (PMS) powered by artificial intelligence.IDFC Asset Management Company has introduced the IDFC Neo Equity Portfolio, a portfolio management system (PMS) powered by artificial intelligence and Big Dataanalysis. According to a release from the company, the portfolio will analyse data from multiple traditional and non-traditional sources available in the public domain to identify stock opportunities.

IDFC Neo is a pioneering initiative in bringing AI techniques in equity fund management to Indian investors. AI-based portfolios are becoming increasingly popular worldwide as the use of data-driven analytics is playing a very substantial role in enhancing portfolio performance. It provides the best of both worlds a fund managers understanding of business combined with a highly scientific, data driven investment process, says Vishal Kapoor, CEO, IDFC AMC.

India is on the verge of a data revolution thanks to the convergence of multiple factors such as smart phonepenetration, movement to a cashlesseconomyand the implementation ofGST, Aadhar and IndiaStack. This is making conditions ripe for widespread use of Artificial Intelligence to analyse vast quantities of data for meaningful predictive analysis. The IDFC Neo Equity Portfolio will offer these technologies for the entire investment process including research and stock selection, portfolio optimization andrisk management.

Fund management using AI based technologies is about achieving the optimal combination of man and machine to significantly enhance their overall capabilities. At all stages, there is a fund manager who has final discretion on the investment. Our back-testing model results have been very encouraging, said Vishal Kapoor, CEO, IDFC AMC.

IDFC NEO is benchmarked against S&PBSE200 index and the minimum investment size is of Rs 1 crore.

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